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Stocks Jump As Crude's "Deal Or No Deal" Day Sparks Dollar Dump
Despite the weakest factory orders YoY growth since Lehman, Yellen's comforting tones (which said absolutely nothing at all) rescued the day...
Quite a day in futures- good data, bad data, and levitations...
By the end Trannies were worst once again...
On the week...Nasdaq was dragged back into the green but ended red...
But we note that stocks remain in the red post Monday's cash open...
Because nothing says Sell as much vol as possible like a long weekend with Payrolls and Greek Default event risk looming...
And while equity market participants did not want protection, credit traders did...
Treasury yields psuhed higher today...
The Dollar dumped back to unch on the week...
Despite USD weakness, commodities overall slipped lower...
Crude just whipped around all day on Iran headlines...
Charts: Bloomberg
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When you say trannies...is that a reference to Yellen and Bernanke?
it a reference to Bernyellenke
http://hedgeaccordingly.com/2015/03/saudi-brigadier-general-ahmed-asiri-...
so.. it's a Recovery (again) for now.. Er.. what?
stocks jump because they haven't crashed yet, meaning this time really is different.
Good old NQ worked nicely as again today, trapped shorts above globex high and then ripped 'em a new one as it fell into VWAP.
After 3 yrs w/ the Russell, decided to switch to the QQQs, probably by the end of next week. Spent today studying charts going back 3 mths or so, and it appears the same setups I was using with IWM will work, with fewer crazy ramps and/or failures. Sounds like you use it often, so I'll look forward to your insights.
It will be a pleasure if I can help in anyway .
Very few readers likely today, but still, gotta have a song parody, this time from k.d. lang:
Even against the darkest pools
With volume thick or thin
Always someone marches brave
Here beneath my skin
And constant trading has always been
Maybe a great magnet pulls
All stocks toward VWAP
Or maybe it is life itself
Leading me to a trap
Constant trading has always been
Trading, ah-ahhh
Constant trading
Has always been
Has always been …
And a nice 100K contract bombing on paper gold, similar on silver, to start the day and make the world safe for bullshit.
wait and see what they do tonight and tomorrow in London...
im ready and held off all week just for the sale....
cheers and hold ur head up...will be vndicated...
Why the fuck doesn't trading in oil break. What the hell. $2 swings up and down all day.
Stop looking at porn regulators and do something. Your inaction is destroying the world.
I was mildly amused that /CL dropped $.70 _right_ when CNBC went to commercial as they were teasing that the news conference would be starting soon (Bloomberg kept showing shots of the empty stage). And, apparently, while the EU chick was reading the (non-)details of the framework and the price action was jittery, as soon as the Iranian foreign minister started reading THE EXACT SAME TEXT except in Farsi, the price shot up. Right. Nothing makes the price of oil go up like someone speaking Farsi, I guess.